[The Volokh Conspiracy] Productivity is up, manufacturing jobs fall, around the world:

[Tyler Cowen]

Read the ever-excellent Daniel Drezner on this topic. Here is one of his excerpts from a quotation: "America has been losing manufacturing jobs to China, Latin America and the rest of the developing world. Right? Well, not quite. It turns out that manufacturing jobs have been disappearing all over the world. Economists at Alliance Capital Management in New York took a close look at employment trends in 20 large economies recently, and found that since 1995 more than 22 million factory jobs have disppeared. In fact, the United States has not even been the biggest loser. Between 1995 and 2002, we lost about 11 percent of our manufacturing jobs. But over the same period, the Japanese lost 16 percent of theirs. And get this: Many developing nations are losing factory jobs. During those same years, Brazil suffered a 20 percent decline." Daniel is not an economist by trade, but his blog offers some of the best economic analysis in the blogosphere. -- Posted by Tyler Cowen to The Volokh Conspiracy at 11/9/2003 08:48:23 AM Powered by Blogger Pro